Insight Software

APRIL 25, 2024

Finance is a complex field, and so are the laws that govern it. While it has been effective in improving corporate governance and transparency, the Sarbanes-Oxley Act has also led to increased compliance costs for companies. insightsoftware is here to help. Bush in July of the same year.

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Insight Software

MARCH 25, 2024

However, in order to thrive, they must also operate sustainably and mange costs. Without a strong financial monitoring system, a hospital cannot plan for the long term and risks having to make abrupt decisions at the expense of customer satisfaction. How to Choose the Most Impactful Hospital KPIs?

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Insight Software

JUNE 25, 2023

However, in order to thrive, they must also operate sustainably and mange costs. Without a strong financial monitoring system, a hospital cannot plan for the long term and risks having to make abrupt decisions at the expense of customer satisfaction. How to Choose the Most Impactful Hospital KPIs?

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Insight Software

MARCH 24, 2024

Total annual revenue for a non-profit organization is usually the sum of donations, collected fees, corporate sponsorships, and government grants. Investments are the costs of running a variety of programs or marketing campaigns. Overhead costs : This metric is used by non-profits to signal accountability to stakeholders and donors.

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Insight Software

JUNE 24, 2023

Total annual revenue for a non-profit organization is usually the sum of donations, collected fees, corporate sponsorships, and government grants. Investments are the costs of running a variety of programs or marketing campaigns. Overhead costs : This metric is used by non-profits to signal accountability to stakeholders and donors.

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Insight Software

FEBRUARY 23, 2024

An on-premise solution provides a high level of control and customization as it is hosted and managed within the organization’s physical infrastructure, but it can be expensive to set up and maintain. Data warehouses can be complex, time-consuming, and expensive.

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Insight Software

AUGUST 15, 2024

MDM is necessary for maintaining data integrity and consistency across your organization, but it can be complex and time-consuming to manage different data sources and ensure accurate data governance. Governance: Ensuring data accuracy and compliance can be cumbersome without a centralized system.

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Insight Software

AUGUST 30, 2024

However, organizations aren’t out of the woods yet as it becomes increasingly critical to navigate inflation and increasing costs. According to a recent study by Boston Consulting Group, 65% of global executives consider supply chain costs to be a high priority.

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Insight Software

FEBRUARY 29, 2024

2) Lack of Controls and Governance Another significant challenge is the absence of robust controls and governance mechanisms over the budget entry and approval process. Not only does Power ON’s Budget Planner simplify the budgeting process, but it also creates efficiencies and decreases costs.

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Insight Software

NOVEMBER 7, 2023

Data quality and governance complexity: Ensuring consistent data accuracy amidst discrepancies, establishing clear governance policies, and managing financial data lifecycle across diverse systems demand constant vigilance and strategic management.

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Insight Software

APRIL 8, 2024

The High Cost of Data Silos Fragmented data across these systems makes it challenging to gain a holistic view of your organization’s financial performance. This reliance on manual data movement also reduces overall efficiency and increases operational costs for your finance team.

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Insight Software

OCTOBER 8, 2024

At the same time, regulatory demands around financial transparency and compliance, including ESG (Environmental, Social, and Governance) reporting, are intensifying, requiring more accurate, integrated data management.

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Insight Software

NOVEMBER 21, 2023

Data lakes make storing and harnessing large volumes of information easier and more efficient while reducing overall data storage costs. Data lakehouses leverage low-cost storage options underneath structured, more conventional databases. As a response to emerging technology, data lakes took off along with the rise of big data.

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Insight Software

MARCH 4, 2024

The CSRD is a phased directive that requires all large companies and listed companies in the EU to disclose information on their environmental, social, and governance (ESG) performance, risks, and impacts. Customer relationship management (CRM) systems, which track customer satisfaction, loyalty, complaints, and other governance indicators.

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Insight Software

FEBRUARY 5, 2024

Monitoring your carbon footprint aligns your company with global efforts to address climate change and s erve s as a cornerstone of responsible corporate governance and cutting-edge sustainable business practices. Understanding your SAP data to its fullest is the first step o n the journey towards a more sustainable future.

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Insight Software

OCTOBER 26, 2023

Addressing these challenges requires a combination of technical solutions, data governance practices, and a clear reporting strategy. Data Quality Challenges for Reporting Teams Poor data quality impacts your team by introducing inaccuracies, inconsistencies, and inefficiencies into their reporting processes.

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Insight Software

MARCH 4, 2024

The Corporate Sustainability Reporting Directive (CSRD) marks a significant leap forward in environmental, social, and governance (ESG) transparency, but its phased timelines pose substantial challenges for financial reporting. Our advanced analytics pinpoint areas where you can maximize your impact.

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Insight Software

NOVEMBER 28, 2023

Hubble Updates Deliver the Enhanced Calculations Capabilities Your Team Needs Hubble solves the integration that your teams grapple with while making intricate financial calculations such as cost allocations, currency conversions, and intricate consolidations. These tasks can be cumbersome and error-prone if not managed efficiently.

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Insight Software

FEBRUARY 23, 2024

Through effective workflow, data quality, and governance tools, a PIM ensures that disparate content is transformed into a company-wide strategic asset. Reduce internal production costs for each marketing channel. A Centralized Hub for Data Data silos are the number one inhibitor to commerce success regardless of your business model.

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Insight Software

FEBRUARY 7, 2025

Defining SBITA and GASB 96 An SBITA, or Subscription-Based Information Technology Arrangement, is a type of service contract that gives governments access to information technology (IT) software and infrastructure, typically through cloud-based services.

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Insight Software

FEBRUARY 7, 2025

GASB 96 is a set of accounting standards defining SBITAs for government end users. It governs the accounting and financial disclosure of cloud-based software subscription payments. GASB 96 applies to the senate, local governments, and government agencies using Generally Accepted Accounting Principles (GAAP).

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Insight Software

FEBRUARY 7, 2025

Theyre also shaking things up in terms of how government agencies need to present their financial statements, including footnote disclosures. Overview of GASB 96, Subscription-Based Information Technology Arrangements (SBITAs) GASB 96 governs how government agencies manage the accounting of technology subscriptions.

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Insight Software

FEBRUARY 7, 2025

The Governmental Accounting Standards Board (GASB) is responsible for establishing financial reporting standards for state and local governments in the United States. One of the standards, GASB 87, introduced significant changes to the accounting and financial reporting of leases for governments.

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Insight Software

FEBRUARY 7, 2025

ASC 842 is the US GAAP standard for accounting for leases governed by the Financial Accounting Standards Board (FASB), while IFRS 16 is the corresponding International Financial Reporting Standard(s) governed by the International Accounting Standards Board (IASB).

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Insight Software

MARCH 17, 2025

By establishing a single source of truth, businesses can optimize operations, strengthen governance, and drive smarter, data-driven decisions for long-term success. Centralized governance ensures uniform security and compliance, reducing risk and keeping financial processes audit-ready.

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